My minions, I am happy and proud to give you Tales of Maj'Eyal 1.4.0 ! See http://te4.org/

Your launcher should automatically update your game so no need to redownload it all.
If your launcher didn't self-update correctly, just redownload it from the homepage.

This is a major release, as such saves are not guaranteed to work from older versions, though they mostly should. If needed the game will prompt to download the old game client.
Now I can work full steam on putting the finishing touches to Embers of Rage!